SLEEPER GOLD PROJECT: 2012 Exploration Plan

DRILLING

• Expand known resources at the south end of the Sleeper pit

• Extend the Facilities deposit to the north into the recently discovered PAD Zone

• Infill drilling to improve the confidence level of mineralized materials

• To obtain material for metallurgical testing

METALLURGY

• Evaluate various recovery processes on the high grade West Wood Zone which was not included in the PEA completed on the Sleeper Gold Project in July 2012

• Paramount is now engaged in large diameter (PQ: 8.6 cm) core drilling of both the Wood and West Wood zones to obtain samples for metallurgical testing of recovery methods which should enable  the valuable  resources from these zones to be included into an updated PEA

• The planned metallurgical test program is will be led by McClelland Laboratories of Reno, Nevada (http://www.mettest.com/mliindex.htm) using a split sample for metal analysis prepared by ALS Chemex.

MODELING

• Update 43-101 resource estimate which will include an additional 26 core holes totaling 8,800 meters which were drilled since the last resource model was completed by SRK Consulting (www.srk.com) in 2011

• Resource additions are considered highly likely from the Facilities Zone, the recently discovered PAD Zone and extensions of the South Sleeper Zone.

• Update the Preliminary Economic Assessment